Systematic Financial Management LP Buys 98,312 Shares of Delek US Holdings, Inc. (NYSE:DK)

Systematic Financial Management LP boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 831,851 shares of the oil and gas company’s stock after acquiring an additional 98,312 shares during the period. Systematic Financial Management LP owned 1.32% of Delek US worth $15,597,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its holdings in shares of Delek US by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after buying an additional 580 shares in the last quarter. F M Investments LLC boosted its holdings in shares of Delek US by 0.5% during the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after buying an additional 807 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Delek US by 2.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after buying an additional 1,246 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Delek US by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock worth $827,000 after buying an additional 1,282 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Delek US by 5.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock worth $551,000 after buying an additional 1,419 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Scotiabank lowered their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, Piper Sandler lowered their price target on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Down 2.2 %

DK stock opened at $18.52 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.81 and a beta of 1.22. Delek US Holdings, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The stock has a fifty day moving average of $18.17 and a 200-day moving average of $21.05.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company earned $2.02 EPS. The firm’s revenue was down 34.3% compared to the same quarter last year. As a group, equities research analysts predict that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.51%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.